CBRE Vietnam’s Post

🌟 Vietnam's Retail Real Estate Boom: A Bright Future Ahead Vietnam's retail real estate market is thriving, showcasing impressive growth and resilience even amidst global challenges. With shopping centers in major cities maintaining occupancy rates above 90%, the sector continues to attract major global players and innovate at a rapid pace. As Vietnam continues to grow as a dynamic retail hub, businesses are seizing opportunities to innovate and expand. The future of Vietnam's retail sector looks promising, with strategic investments and consumer demand fueling further growth. 👉 Follow us to explore more trends and market insights in the Asian market! #asia #vietnam #businessgrowth #businesstips #smallbusiness #investmentopportunity #retailestate

Hanoi's prime retail sector among the fastest-growing in the region Rents for prime spaces in Hà Nội’s central areas stand at a competitive US$96.4 per square metre According to a socio-economic report recently published by the General Statistics Office, retail revenue for the first eight months of the year is estimated at nearly VNĐ3.3 quadrillion (US$130.3 billion), a 7.3 per cent increase year-on-year. Prominent growth was seen in regions including Quảng Ninh, Hải Phòng, Cần Thơ, Đà Nẵng, HCM City and Hà Nội...... https://bit.ly/3Zr8l5o #Vietnam #Business #RealEstate #Retail #SoutheastAsia Via vietnamnews.vn

China Consumer Industry Review (13) Swire Properties built several leading shopping malls in China's tier 1 and 2 cities. However, its latest report indicated that even in Taikoo Li Chengdu, the flagship mall in China, sales dropped 16.9%. This is another strong piece of evidence that high-end consumption is shrinking sharply. Value for money becomes mainstream in middle-class people's buying behavior, and many brands are cutting prices or downgrading disguised to survive. Rat race（内卷）is everywhere in China's consumer market, nobody knows how long it will take to go through such a difficult time. That is why some companies have turned their attention to overseas markets, such as Southeast Asia, the Middle East, Latin America, Central Asia, and Russia. Going global is not an option, it becomes a must for survival.

Vincom Retail: A Catalyst Driving Vietnam’s Retail Future HANOI, VIETNAM – Media OutReach Newswire (https://buff.ly/3XJej0c) – 22 November 2024 – By capitalizing on its first-mover advantage, Vincom Retail has had a profound impact on Vietnamese leisure culture. Over the past two decades, the company has demonstrated significant growth through a tripartite strategy: expanding its footprint, diversifying its retail real estate formats to cater to a wide range of consumer needs, and continuously pioneering to stay ahead. This approach positions Vincom Retail as a key player in Vietnam’s retail real estate industry and sets the stage for long-term development. Vincom Ba Trieu Vietnam’s economy is poised for strong growth in the coming years, with The World Bank projecting a 6.1% growth in 2024 and 6.5% in both 2025 and 2026, driven by a combination of robust expansion in export, domestic manufacturing, and the recovery in tourism. With strong core economic fundamentals, Vietnam is attracting significant foreign direct investment and a growing expat community, fueling the rise of a burgeoning middle class with increasing purchasing power. This favorable economic climate has created ample opportunities for shopping mall operators like Vincom Full Story https://buff.ly/4eJnG4Y

𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗼𝗳 𝗵𝗶𝗴𝗵-𝗲𝗻𝗱 𝗿𝗲𝘁𝗮𝗶𝗹 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻 𝗩𝗶𝗲𝘁𝗻𝗮𝗺: In recent years, the high-end retail real estate market in Vietnam has witnessed a robust recovery, attracting significant interest from both domestic and foreign investors. With rapid growth, Vietnam is emerging as an attractive destination in the region. However, along with these opportunities come challenges that must be overcome. According to Ms. Mai Vo, Associate Director, National Head of Retail Services, CBRE Vietnam: "The Vietnamese retail real estate market is currently sought-after for quality luxury brand segment. This circumstance will extend location searching time for investors and retailers at least from 1 to even 2 years. Furthermore, the process of obtaining the necessary permits for retail operations also takes at least 6 to 12 months that significantly impact to project delivery timeline." 📌 Watch more: https://bit.ly/4fuEjlY #CBRE #CBREVietnam #RealEstate #BatDongSan #ThoughtsLeadership #Retail #BanLe

Retail sales in Singapore weakened further in 2Q 2024, declining by 5% due to seasonal factors, including a drop in tourist arrivals and an increase in outbound travel. Despite these challenges, the opening and strong uptake of retail space in two new malls, New Bahru and Pasir Ris Mall, boosted the islandwide retail space occupancy rate up by 0.1% in 2Q 2024. The strata retail shop market remained stable in 2Q 2024, with an estimated 69 strata retail units changing hands, representing an 11.3% increase from 1Q 2024 and a 3% year-on-year rise. However, the total value of transactions fell by 8.9% to $107.7 million in the same period. Looking ahead, this market segment is expected to experience sustained recovery in 2H 2024, driven by limited retail space supply and a continued rebound in tourism. The upcoming Singapore Grand Prix and MICE events are likely to boost retail spending and increase international traveller volumes. These factors are expected to support demand for retail space, leading to further improvement in rental rates in 2024. Download now: https://lnkd.in/gKbXg4UH Speak to your preferred Huttons Associates for an in-depth analysis and understand the opportunities for you in this market. #HuttonsGroup #FastestGrowingAgency #SingaporeLargestPrivateRealEstateAgency #QuarterlyReport #MarketUpdate #RetailReport #HuttonsDataAnalytics #BigData

Dong Khoi street and Trang Tien street are ranked among the top 20 in our report, showing the resilience of the retail sector in Vietnam even amidst challenges in the economy. Globally, as markets continue to emerge from the impacts of the global pandemic, prime retail destinations similarly have continued their rebound, recording mostly positive rental growth over the past year. Click here to read the Main Street Across The World report, now available in English and Vietnamese >> English: https://lnkd.in/g-tFednD Vietnamese: https://lnkd.in/g9B7pVmp Xuan Pham

Retail property dynamics in Vietnam are shifting, with notable trends emerging in key areas of Hanoi. Our latest quarterly snapshot highlights areas with high market friction, reflecting the delicate balance between demand and supply in Vietnam’s retail property market. #DataSense #PropertyGuruGroup #PropertyGuruForBusiness #PropertyMarketOutlook #Q3Insights #Vietnam Yik Ken Lee Branon Lee Joan C. Adelene Tan Lettecia Ho Hariz Zulkifli Ethan Lai Govin Raaj Ian Lim Shyn Yee Ho-Strangas 何勋谊

According to The Investor, Thailand's Central Retail is investing $18.2 million to build a GO! branded mall in Hung Yen, northern Vietnam. The 1.6-hectare mall will open in 2025, offering over 40,000 products, mainly Vietnamese goods. Central Retail aims to expand its network to 58 localities in Vietnam. *Article is in Vietnamese 👉 Read the article for more details!    📌 Connect with us to get updated with the latest property news in Vietnam!   #vietnamproperty #news #realestate